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Strategies & Market Trends : January Effect 2007
IWM 247.32+0.9%Nov 26 4:00 PM EST

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To: Q. who wrote (59)1/4/2007 8:08:22 PM
From: RockyBalboa   of 94
 
Yes same goes for DRL, Q. Problem is that we could really be in a phase where the worse kind of news pop up early in January.

Also from very hefty reversals I see that hedge funds cash out in january with some intensity in various assets:

Currencies against the USD where the market was pretty long at Dec 31. The EUR Yen cross is a good example.
Asian stock Indices which fall several points on practically no news and still see no buying.
Energy and some other commodities again without any fundamental reasons.

High fliers are overbought and the lack of bears exacerbates the fall on small volume selling.
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